PANews reported on October 24 that according to PR Newswire, Web3 data and AI company Validation Cloud announced that it had received US$10 million in financing from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

According to reports, the company's product platform consists of three parts: staking, node API, and data and AI. In terms of staking, Validation Cloud's staking assets have exceeded $1 billion. Some of Validation Cloud's customers include Chainlink, Aptos, Consensys, Stellar, and Hedera.

Earlier in February, it was reported that Validation Cloud completed a US$5.8 million financing round, led by Cadenza Ventures .